Kohl's Whale Trades Spotted

Kohl's Whale Trades Spotted

 

Someone with a lot of money to spend has taken a bullish stance on Kohl's KSS.

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with KSS, it often means somebody knows something is about to happen.

So how do we know what this whale just did?

Today, Benzinga's options scanner spotted 11 uncommon options trades for Kohl's.

This isn't normal.

The overall sentiment of these big-money traders is split between 72% bullish and 27%, bearish.

Out of all of the special options we uncovered, 4 are puts, for a total amount of $213,682, and 7 are calls, for a total amount of $443,025.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $30.0 to $40.0 for Kohl's over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Kohl's's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Kohl's's whale trades within a strike price range from $30.0 to $40.0 in the last 30 days.

Kohl's Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

 

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
KSS CALL SWEEP BULLISH 08/19/22 $32.50 $168.4K 5.3K 790
KSS PUT SWEEP BULLISH 11/18/22 $35.00 $99.4K 30 173
KSS CALL SWEEP BULLISH 08/19/22 $32.50 $78.3K 5.3K 2.1K
KSS CALL SWEEP BEARISH 08/19/22 $32.50 $63.7K 5.3K 1.5K
KSS PUT SWEEP BULLISH 01/19/24 $32.50 $46.6K 155 53

Where Is Kohl's Standing Right Now?

  • With a volume of 1,855,053, the price of KSS is up 4.95% at $32.88.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 7 days.

What The Experts Say On Kohl's:

  • Cowen & Co. downgraded its action to Market Perform with a price target of $35

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for Kohl's, Benzinga Pro gives you real-time options trades alerts.

Posted In: BZI-UOAOptionsMarkets